Adam Selipsky, chief of Amazon's AWS, will step down after a successful three-year term, replaced by Matt Garman. Under Selipsky's leadership, AWS saw rapid growth, doubling sales to $90.8bn in 2023. Despite criticism, AWS is the US market leader.
Selipsky's departure raises questions on AWS's ability to innovate against competitors like Microsoft's Azure and Alphabet's Google. AWS, contributing 40% to Amazon's revenue, is a key growth engine.
Garman, an Amazon veteran, to take over AWS. Selipsky's next steps are unknown. He aimed to spend more time with family, leaving behind a legacy of growth and challenges addressed at AWS.
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